Dan Murphy's West End
404 Montague Road, West End, QLD, 4101, AU
Beschreibung
JLL Retail Investments is pleased to present for sale Richlands Plaza, a rare opportunity to acquire a 70% Woolworths anchored neighbourhood shopping centre, underpinned by an exceptional 99% occupancy rate.
The Centre spans a prominent 20,184sqm* landholding with dual exposure to Archerfield Road and Old Progress Road, offering direct connectivity to the Ipswich Motorway and Centenary Highway. Anchored by a full-line Woolworths supermarket (20-year initial lease, options to 2070), the centre also includes a high-performing freestanding Zarraffa’s Coffee drive-through, 12 specialty tenants, and the detached Richlands Business Centre with 6 office/medical suites.
Key investment highlights include:
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Eigenschaften
Vermietungsstand
99 %
Grundstücksfläche brutto
20.184 m²
NOI
1.381.000 €
Medien
Investment-Highlights
- Unrivalled 99% centre occupancy rate, with 70% anchored by Woolworths, complemented by a freestanding Zarraffa's Coffee pad site, 12 specialty retailers, and a detached business centre comprising 6 office/medical suites.
- Prominent 20,184 square metre site with 240 metres of combined frontage onto the Archerfield and Old Progress Road intersection, offering direct connectivity to the Ipswich Motorway & Centenary Highway.
- The detached Business Centre and Zarraffa's pad site provides subdivision and sell down optionality, offering an incoming purchaser immediate capital gains post-acquisition.
- The replacement value of Richlands Plaza is estimated at approximately $64 million vacant, presenting an attractive acquisition opportunity at over 40% below replacement cost.
- Net Fully Leased operating income of $2,238,523* per annum underpinned by fixed rent reviews and Moving Annual Turnover linked mechanisms - providing an exceptional income growth profile.
All figures are approximate only. As at 31 December 2025.
Richlands Plaza is available for sale via an Expressions of Interest campaign closing Thursday, 16 October 2025 at 4pm (AEST).
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Richlands Plaza (0 Objekte)
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Zuletzt aktualisiert
29. Apr. 2026
